Fimple accelerates global expansion with $12m Series A funding

By Gloria Methri

Fimple, a provider of cloud-native core banking solutions, has raised $12 million in Series A funding led by DN Capital and Smartfin. The funding round, which also included support from existing investors APY Ventures and Tera Portfolio, will accelerate Fimple’s product development and fuel its international expansion, particularly into the MENA and CIS regions.

Fimple’s composable and cloud-native core banking platform is trusted by some of Turkey’s financial institutions, including Aytemiz Investment Bank, Misyon Bank, Hedef Investment Bank, and Q Investment Bank. The company also serves clients across five additional countries, providing tailored financial solutions to help institutions adapt to evolving market demands.

With flexible deployment options—cloud or on-premises—Fimple’s platform offers a comprehensive suite of banking and lending modules, addressing the needs of both traditional and digital-first financial institutions. The platform also includes pre-configured solutions for Sharia-compliant finance, further extending its reach to Islamic banking sectors.

This funding round strengthens Fimple’s mission to expand globally. With an established presence in Egypt and GCC countries, the company is now focusing on deeper penetration into the MENA and CIS regions. By leveraging its success in Turkey, Fimple aims to replicate its growth across new markets.

Mücahit Gündebahar, CEO of Fimple, said, “This investment will fuel the development of our innovative products and help us reach new markets. Our mission is to empower financial institutions with the most robust and flexible core banking solutions available.”

The participation of leading investors underscores the trust in Fimple’s platform and its transformative potential in the financial industry.

Guy Ward Thomas, Partner at DN Capital, stated, “Banks globally are striving to replace outdated legacy systems while competing with agile FinTechs. Fimple provides the ideal solution, enabling banks to launch new products and services quickly and efficiently.”

Jürgen Ingels, Partner at Smartfin, added, “Modernising core banking systems is a top priority for financial institutions adapting to dynamic market demands. Fimple’s scalable and adaptable platform is well-positioned to lead this transformation.”